U.S. Bancorp (NYSE:USB) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,655 shares of the financial services provider's stock after selling 5,270 shares during the period. Moloney Securities Asset Management LLC's holdings in U.S. Bancorp were worth $1,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. Norges Bank acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $777,524,000. Invesco Ltd. increased its position in U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after acquiring an additional 5,449,949 shares during the period. Marshall Wace LLP increased its position in U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after acquiring an additional 4,663,518 shares during the period. FMR LLC increased its position in U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at about $96,560,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cowen assumed coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Barclays dropped their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley boosted their price target on U.S. Bancorp from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Finally, Bank of America dropped their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.70.

U.S. Bancorp Price Performance

USB stock traded up $0.41 during midday trading on Thursday, hitting $47.71. 3,822,442 shares of the stock were exchanged, compared to its average volume of 9,382,657. The stock's 50-day moving average price is $44.13 and its 200-day moving average price is $44.40. The stock has a market cap of $74.34 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.79 and a beta of 0.99. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period in the previous year, the firm posted $0.78 earnings per share. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.19%. U.S. Bancorp's dividend payout ratio is presently 49.50%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.